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Starrex International (TSE:STX)
:STX
Canadian Market

Starrex International (STX) AI Stock Analysis

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Starrex International

(STX)

Rating:42Neutral
Price Target:
Starrex International's overall stock score is significantly impacted by weak financial performance and poor valuation. The technical analysis shows some stability, but the overbought condition warrants caution. The lack of earnings call data and corporate events limits positive outlook adjustments.

Starrex International (STX) vs. iShares MSCI Canada ETF (EWC)

Starrex International Business Overview & Revenue Model

Company DescriptionStarrex International (STX) operates in the real estate and financial services sectors, primarily focusing on delivering a range of property appraisal services and mortgage origination solutions. The company is committed to providing comprehensive support to financial institutions, real estate professionals, and individual clients through its subsidiaries, which include real estate appraisal management companies and mortgage services providers.
How the Company Makes MoneyStarrex International makes money by offering property appraisal management services and mortgage origination solutions. Revenue is primarily generated through service fees charged for property appraisals and management of appraisal services for financial institutions. Additionally, the company earns income from its mortgage services division by facilitating mortgage origination and processing, which involves collecting fees from lenders and borrowers. Strategic partnerships with banks, credit unions, and other financial entities contribute to its earnings by providing a steady stream of appraisal and mortgage processing requests.

Starrex International Financial Statement Overview

Summary
Starrex International's financial performance is concerning, with declining revenue, negative profitability margins, increased leverage, and negative cash flow. These factors indicate significant financial instability and risk.
Income Statement
35
Negative
Starrex International's income statement reflects a challenging financial position with significant declines in revenue, deteriorating margins, and substantial net losses. The company experienced a revenue decline of 73.5% from 2021 to 2022, followed by a slight recovery in 2023. Gross profit margin dropped significantly, and both EBIT and EBITDA margins are negative, indicating operational inefficiencies. The net profit margin has worsened from a positive 10.92% in 2022 to a negative position in 2023, highlighting profitability issues.
Balance Sheet
45
Neutral
The balance sheet shows a weakened equity position with a significant reduction in stockholders' equity from 2022 to 2023. The debt-to-equity ratio has increased drastically due to rising total debt and shrinking equity, indicating higher leverage risk. The equity ratio has declined, showing a reduced proportion of assets financed by equity. Despite a higher total asset base, the increase in liabilities suggests potential liquidity challenges.
Cash Flow
40
Negative
Cash flow analysis reveals negative operating and free cash flow in recent years, raising concerns about the company's ability to generate cash from its operations. The operating cash flow to net income ratio is negative, indicating that the company is not converting its earnings into cash effectively. Free cash flow growth is negative due to persistent operating losses and capital expenditures, reflecting cash flow pressures.
Breakdown
TTMDec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Income StatementTotal Revenue
9.88M9.88M3.81M20.72M17.05M12.08M
Gross Profit
4.69M2.79M3.00M17.97M14.67M1.85M
EBIT
-5.78M-1.56M-828.83K757.52K1.78M-1.00M
EBITDA
-4.86M-4.29M-537.76K105.08K2.14M-591.74K
Net Income Common Stockholders
-6.39M-5.49M4.16M534.56K1.69M-1.05M
Balance SheetCash, Cash Equivalents and Short-Term Investments
1.74M2.34M7.86M2.17M1.49M145.82K
Total Assets
11.65M13.01M11.45M5.70M4.70M3.30M
Total Debt
7.73M7.77M1.03M298.38K138.98K560.18K
Net Debt
5.99M5.43M-6.83M-1.87M-1.35M414.36K
Total Liabilities
9.22M9.23M3.26M2.23M1.85M2.46M
Stockholders Equity
2.44M3.78M8.19M3.47M2.85M842.88K
Cash FlowFree Cash Flow
-2.96M-2.08M-1.30M744.00K978.39K-134.37K
Operating Cash Flow
-2.94M-2.07M-1.24M1.05M998.75K-127.15K
Investing Cash Flow
-1.21M-5.02M6.19M-302.81K-20.37K-7.22K
Financing Cash Flow
460.48K1.58M733.01K-65.43K369.39K119.84K

Starrex International Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.16
Price Trends
50DMA
0.16
Negative
100DMA
0.16
Negative
200DMA
0.16
Positive
Market Momentum
MACD
<0.01
Positive
RSI
100.00
Negative
STOCH
>-0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:STX, the sentiment is Positive. The current price of 0.16 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.16, and above the 200-day MA of 0.16, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 100.00 is Negative, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:STX.

Starrex International Peers Comparison

Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
TSMDA
80
Outperform
C$3.63B36.418.54%49.98%108.76%
74
Outperform
$9.89B11.2415.87%3.71%-8.74%307.82%
TSCSU
74
Outperform
C$104.07B100.9727.41%0.11%20.99%33.05%
TSDSG
71
Outperform
$11.96B59.5510.66%17.42%22.81%
68
Neutral
$1.32B16.8013.26%4.49%5.12%-2.77%
64
Neutral
$12.86B9.797.78%16985.65%12.28%-7.82%
TSSTX
42
Neutral
$2.56M-145.14%41.71%-257.70%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:STX
Starrex International
0.16
0.04
33.33%
TSE:ENGH
Enghouse Systems
23.18
-4.90
-17.45%
TSE:DSG
The Descartes Systems Group
137.57
10.63
8.37%
TSE:OTEX
Open Text
38.53
1.04
2.77%
TSE:CSU
Constellation Software
4,881.20
1,016.26
26.29%
TSE:MDA
MDA Ltd
29.20
17.19
143.13%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.